Grasim Industries Ltd (GRASIM)

Grasim Industries Among Top F&O Stocks with High PCR - 19 Jul, 2024

As the market nears July futures & options expiry day, Grasim Industries is one of the five F&O stocks with high Put Call Ratio (PCR) based on open positions.

Grasim Industries Enters Paint Sector; Stock Price Grows by 220% - 17 Jul, 2024

Grasim Industries is entering the paint sector under its Birla Opus brand and offering significant discounts. The company expects to become profitable once it reaches ₹10,000 crore in gross revenue within three years. Meanwhile, Grasim's stock price has grown by 220% over the past five years, achieving a compound EPS growth rate of 26% per year.

Grasim Launches New Paint Brand; Net Profit Expected to Decline - 10 Jul, 2024

Grasim Industries launches new paint brand, Birla Opus, at a lower price point to secure the second position in the decorative paints market. Brokerage firm MOFSL picks Grasim as its technical pick for 2-3 days. However, Grasim's net profit is expected to decline by 71.4% YoY while net sales are expected to increase. Grasim is also moving towards retail to attract more customers.

Jefferies Maintains Buy Rating on Grasim Industries Shares - 01 Jul, 2024

Jefferies has maintained its Buy rating on Grasim Industries shares with a target price of Rs 3,000, citing the company's preparedness and focus on delivering industry-leading products. The brokerage firm values Grasim's paint business, Birla Opus, at Rs 23,700 crore and expressed higher confidence in the company's ability to meet its revenue targets. Grasim is also ramping up its advertising campaign while improving product availability across multiple geographies. However, key downside risks include delays in global recovery affecting textiles and chemicals demand, delay in ramping up new capacities, and volatility in VSF and chemicals prices due to increased global supply.

Mixed Signals for Grasim Industries Stock - 29 Jun, 2024

Grasim Industries' stock shows mixed signals as it moves on a series of higher top, higher bottom formations while having a low ROCE of 6.9%. The company's poor return on capital employed and lack of high-return investments may not inspire confidence in investors.

Grasim Industries Acquires Dharani Cement's Mini Plant - 28 Jun, 2024

Grasim Industries, the flagship of the Aditya Birla Group, has acquired Dharani Cement's mini plant in Ariyalur for about Rs 75 crore. The plant is spread over 1,100 acres rich in limestone.

Sohum Asset Managers Positive on Grasim Industries - 26 Jun, 2024

Sanjay H Parekh of Sohum Asset Managers is positive on Grasim Industries, citing benefits from UltraTech ownership and potential growth in the paint business. Despite low EBITDA for VSF and chemical segments, a three- to five-year view remains positive.

Grasim Industries Shares Sold by BofA Securities - 25 Jun, 2024

Bank of America Securities sold 14.12 lakh shares of Grasim Industries for Rs 859 crore in open market transactions. Meanwhile, Birla Opus Paints held an expo showcasing their products.